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BIL to repurchase 2007 capital notes
By Susanna Moon
Chicago, Aug. 31 - BIL International Ltd. and BIL Finance Ltd. said the companies would buy back their 2007 capital notes on Oct. 15.
BIL said it would pay par plus accrued interest. Once the notes have been purchased, BIL Finance will be delisted from the New Zealand Exchange Ltd., according to a press release.
On Oct. 16, 2006, the companies announced the repurchase of NZ$7.21 million of their 2006 capital notes.
The company said it paid par plus NZ$333,463 of accrued interest for the securities in an effort to reduce group debt.
BIL is a Singapore-based investment company.
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